Zak, F. - In: Journal of the New Economic Association (2010) 6, pp. 30-60
We consider two models of lump sum taxation in pure exchange economy in which the state imposes taxes on (or offers … equilibria in general economies, the possibility of using taxation to realize Pareto optimal allocations, and the role of … taxation as a possible cause of inflation. Special attention is paid to economies with gross substitutability. Bibliography 18 …